US stock futures are largely flat to slightly higher in pre-market trading, with Nasdaq futures leading declines. Viking Therapeutics (VKTX) surged 35.67% after positive results from its VK2735 weight loss drug study.
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VKTX Viking Therapeutics
Viking Therapeutics (VKTX) stock jumped 35.67% after positive top-line results from its VK2735 maintenance study showed patients retained significant weight loss (per Tickeron, StocksToTrade).
NYT New York Times
The New York Times Company (NYT) shares fell 7.20% due to a widening legal overhang, including a $15 billion defamation lawsuit and renewed uncertainty in its copyright case against Microsoft and OpenAI (per Tickeron).
GRAB Grab Holdings
Grab Holdings Ltd (GRAB) shares surged 8.93% after CEO Anthony Tan and COO Alexander Hungate disclosed significant open-market purchases of company stock, totaling over $30 million (per Tickeron, Benzinga).
US Stock Futures
US stock futures are largely flat to slightly higher in pre-market trading, as investors weigh geopolitical developments and crude oil prices (per Facebook, FXLeaders).
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VKTX Viking Therapeutics Inc
Viking Therapeutics Inc (VKTX) stock jumped after positive top-line results from its VK2735 maintenance study showed patients retained up to 97% of weight loss on every-other-week dosing and up to 90% on monthly dosing, compared to 61% for placebo.
MU Micron Technology Inc
Micron Technology Inc (MU) is experiencing a rally driven by strong demand for its memory and storage products, particularly high-bandwidth memory (HBM) for AI, with capacity sold out through 2027.
SNDK SanDisk Corp
SanDisk Corp (SNDK) stock surged after Rosenblatt initiated coverage with a Buy rating and a $2,400 price target, citing AI-driven demand for storage and NAND flash.
DRAM Dataram Corp
The Roundhill Memory ETF (DRAM) climbed due to a broad surge in memory and semiconductor stocks, fueled by renewed artificial intelligence demand and bullish analyst research.
SOFI SoFi Technologies Inc.
SoFi Technologies Inc. (SOFI) stock rose in pre-open trading as investors continued to build positions ahead of the company's next quarterly earnings report, estimated for late October.
AI Economy
Meta's Muse AI agent
Meta's newly launched AI agent, Muse, has gained rapid traction, topping U.S. iOS app store charts and reigniting investor enthusiasm for AI compute and memory chips (per Tickeron).
AVGO Broadcom's custom AI accelerators
Broadcom is experiencing exponential growth in demand for its custom AI accelerators (XPUs) and high-speed networking silicon, co-designing with six frontier-model developers (per The Motley Fool, Seeking Alpha).
MU Micron's HBM capacity
Micron Technology's high-bandwidth memory (HBM) capacity is reportedly sold out through 2027, driven by robust AI demand, supporting pricing power and potentially higher margins (per MarketBeat, 24/7 Wall St.).
SNDK SanDisk's AI-driven NAND demand
SanDisk is seeing strong demand for its memory and storage products, particularly NAND flash, fueled by AI infrastructure and inference, with Rosenblatt initiating coverage with a Buy rating (per TipRanks, MarketBeat).
Smart Money
AVGO Broadcom Inc
Broadcom Inc (AVGO) is seeing continued investor interest due to its custom-chip business, with management projecting significant AI semiconductor revenue in fiscal 2027 and 2028.
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